A loan of $3,000 helped to purchase a car and serve local people as a taxi driver.


Koba's story

Koba is 35 years old. He lives in the Rustavi District with his wife, 10-year-old son, and parents. Koba requested loans from local financial institutions several times for a family business start-up, but without any success. His loan requests were rejected every time because of his low income and the family's poor living conditions.

Koba works as a driver at a private company and gets a monthly income. His wife works as a nurse at a local kindergarten. It is hardly enough for food for the family. According to Credo estimations the family belongs to the subsistence poor category.

Koba requested loan from Credo to start up a family business. Koba has now been approved for a loan within the framework of the new joint initiative of Kiva and Credo.

The start-up loan program envisages provision of business start-up and re-startup credits with soft conditions to rural poor people, who do not have access to credit products. These rural poor people are regarded as "high risk borrowers" because of their low income.

With his credit Koba will purchase a car and serve local people as a taxi driver. He has a rich experience of being a driver and hopes that this will be profitable for his family. The new business initiative, financed with the Kiva start-up loan, will significantly improve the living conditions of the family.



Loan details


Lenders and lending teams



Loan details